Silver to Breakout Amid Odd Forecast—Ben Davies
by Dominique de Kevelioc de Bailleul
Beacon Equity
“We’re trend ready, Eric. I think it’s a prescient time to come on the show,” Hinde Capital CEO Ben Davies begins his interview with King World News (KWN), referring to a resumption of the upward trend in the gold market. But, where gold goes, silver follows at a ‘double-time’ pace—at least.
Davies proprietary model for pricing silver suggests to him a move higher of 25 percent, citing reasons of a slight upturn in the U.S. economy, the return of easy-credit European politicians from vacation, and, possibly, truth in the rumor that Spain will ask the ECB for a bailout during the weekend, ending Aug. 19.
On the news of a Spanish capitulation, alone, silver prices could move higher this week, according to Davies.
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2012-08-20 08:09:52
Source: http://financialsurvivalnetwork.com/2012/08/silver-to-breakout-amid-odd-forecast-ben-davies/
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